There are just a couple to take note of on the day, as highlighted in bold. That being for EUR/USD at the 1.1475 and 1.1500 levels. The expiries could play a role in pulling price action a little in the session ahead but they might not see much impact/interest. The market action is likely to […]
BNP Paribas is planning to selectively expand its white-labelling programme to give more regional banks and their clients access to its spot foreign exchange execution algorithms. Earlier this month, BNP Paribas struck its first algo white label partnership with Lloyds, whereby corporate and financial institution clients of the UK bank can now use its three
The Australian Dollar remains subdued after mixed employment figures were released on Thursday. Australia’s Employment Change surprisingly declined by 2.5K in May, while Unemployment Rate steadied at 4.1% as expected. The Federal Reserve kept its interest rates on hold at 4.5% in June, as expected. The Australian Dollar (AUD) depreciated against the US Dollar (USD)
New Zealand’s gross domestic product expanded by a seasonally adjusted 0.8 percent on quarter in the first quarter of 2025, Statistics New Zealand said on Thursday. That beat forecasts for an increase of 0.7 percent following the downwardly revised 0.5 percent gain in the previous quarter (originally 0.7 percent). On an annualized basis, GDP fell
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
United States (US) President Donald Trump said that he would hold a meeting to discuss the Iran-Israel conflict and reaffirmed that Iran should have made a deal. He added that if Iran wants to come to the White House, he may be open to it. On that headline, WTI prices tumbled from $73.94 to $72.14,
The weekly opened had seen the US Dollar retreat but one ongoing theme is of an overdone USD selling – With war headlines coming out by the minute, the Dollar Index has failed to break new lows and is making its way to the 99.00 pivot zone.Jerome Powell is currently speaking at the FOMC Rate
Despite pressure from U.S. President Donald Trump, the Federal Reserve on Wednesday announced its widely expected decision to leave interest rates unchanged. The Fed said it decided to maintain the target range for the federal funds rate at 4.25 to 4.50 percent in support of its dual goals of maximum employment and inflation at the
ETH is stalling at the low of its range, and buyers are looking to hold the 2,500 key mark, which the 4H MA 200 is acting as immediate support for. Prices are still consolidating in a $400 range with lows between $2,400 and highs closer to $2,800. The second largest cryptocurrency had failed to hold
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Conflicting interpretations of European digital assets legislation are hindering the development of euro-denominated stablecoins, according to Don Wilson, chief executive of DRW Holdings. As a result, Wilson said European capital will continue flowing into US dollar stablecoins, which typically invest in US Treasuries, and away from European government bonds. “European [regulators] have expressed some concerns about
Pres. Trump is starting his day by saying: If the Fed would lower rates we would be buying that for a lot less Powell probably will not cut rates today. Powell has done a poor job. We should be two points lower (assume means 2% lower). Am going to go very short term, get rates
Not all UK energy stocks are alike, though, with Harbour Energy, part of the FTSE 100, having fallen by around -20% year-to-date, despite its position as one of the largest North Sea operators with substantial production capacity and reserve base. Serica Energy has delivered a near +20% year-to-date return, while EnQuest has risen by around
XRP may revisit key support zone following Monday’s rejection at technical resistance area. Source link
